Learning Objective:
What does Kurtosis relate to?
How to measure Kurtosis?
Concept:
Kurtosis relates to bulginess, peakedness, tailedness of a frequency distribution.
Leptokurtic frequency distribution is narrow with sharp peak and extended tails.
Mesokurtic frequency distribution is normal with less sharp peak and not much extended tails.
Platykurtic frequency distribution is like platypus without sharp peak and very less extended tails.